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20110701
20110731
Search Results 0 to 3 of about 4 (some duplicates have been removed)
. it looks like what could be a pretty big tax increase. the spending cuts i think are highly uncertain. it instructs the various committees of the senate and the house to come up with these spending cuts. we have no assurance that they will do that. we have no idea how they'll do that. then we asked the senate to vote on that. all of which suggests to me there are a number of ways in which this could fall apart. i give these guys all the credit in the world for really struggling and trying to make some progress on a tough issue. there's no assurance that it results in an outcome. if we can't agree on spending cuts now, why should we suppose at the end of this process which after all has been available to us for two years the senate won't even pass a budget, why we think that this will result in real spending cuts is not clear to me. >> the other dynamic here is the mcconnell-reid proposal. that is going to get to the floor at some point. now the idea of being that the gang of six proposal is too late to be scored by cbo to really be put into legislative language with only 13 days to go
ahead with a big deal maybe triggered in or staged later? >> i heard what the president said. i don't think business itself is bothered by the debt ceiling deal or no deal. i think what they may be bothered by is the uncertainty surrounding future tax regime that's going to be required to deal with these deficits. however, factoring into the negotiations what maybe somewhat helpful to the president in a slew of numbers that by and large are totally unhelpful is we're seeing the near term effects of cutting back in government spending. it cost jobs. not just in the government sector, but also in knock on private sector jobs as well. >> steve liesman with all the numbers and what that mean. thank you so much. good to see you, steve. republicans using the bad jobs report to scuttle any new taxes in a budget deal. joining me now virginia democratic senator mark warner a key member of the so-called gang of slight, slightly shrunk to five. still hoping senators working for months on ways to reduce the deficit. your quick reaction to the jobs report first and how it will effect the negotia
, it made taxpayer funded bailouts illegal. so tax payers don't have to foot the bill if a big bank goes under. second, it said to wall street firms, you can't take the same kind of reckless risks that led to the crisis. and third, it put in place the stronger -- the strongest consumer protections in history. and make sure that these protections work so ordinary people were dealt with fairly so they could make informed decisions about their finances. we didn't just change the law. we changed the way the government did business. for years the job of protecting consumers was divided up in a lot of different agencies. so if you had a problem with the mortgage lender you called one place. if you had a problem with a credit card company, you called somebody else. it meant there were a lot of people who were, but that meant nobody was responsible. and we changed that. we cut the bureaucracy and put one consumer watchdog in charge with just one job. looking out for regular people in the financial system. this is an idea that i got from elizabeth warren who i first met years ago. back then this
Search Results 0 to 3 of about 4 (some duplicates have been removed)